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New Jersey Considers Climate Superfund For Oil Facilities

The Exxon oil refinery stands in Linden, N.J., Jan. 9, 1990, as two clean harbor cleanup boats work in the Arthur Kill waterway. (AP Photo/Mike Derer, File)

A bill currently under consideration in the New Jersey Legislature aims to address the impacts of climate change by charging fees to oil and natural gas facilities in the state. The proposed Climate Superfund would require these facilities to contribute towards efforts to combat climate change, similar to federal initiatives for cleaning up toxic waste.

This approach, already adopted by Vermont and being considered by states like New York, Maryland, Massachusetts, and California, seeks to make polluters financially responsible for repairing and fortifying critical infrastructure against climate-related damage.

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